Atlas Air Worldwide, a company in outsourced aviation logistics and a portfolio company of investment affiliates of J.F. Lehman, completed its strategic investment in Air Atlanta, a global provider of aircraft, crew, maintenance and insurance (ACMI) and aircraft management services.
Atlas has acquired a 49% minority equity interest in Air Atlanta, establishing a strategic partnership that expands Atlas’ global operating platform and enhances its access to widebody capacity in key international markets. Air Atlanta will continue to operate under its existing leadership team and operating structure, with the continuing Air Atlanta management team retaining a 51% controlling interest in the airline operating companies.
Atlas, through its Titan Aviation subsidiary, has also acquired the aircraft owned by the Air Atlanta group of companies and will lease the aircraft back to the Air Atlanta airline companies for continued operation. Air Atlanta currently operates a fleet of 14 widebody freighters, including Boeing 747 and 777 aircraft, as well as four passenger 777 aircraft.
“We are pleased to complete our previously announced strategic investment in Air Atlanta and welcome the Air Atlanta team as a valued partner,” Michael Steen, CEO of Atlas Air, said. “This milestone reflects our shared commitment to delivering exceptional service to customers and supporting the long-term success of both organizations.”
Alex Harman, a director of Atlas and managing partner at J.F., added, “This strategic partnership brings together two highly regarded operators with complementary capabilities and represents another meaningful step in Atlas’ disciplined growth strategy. We are excited to support the Air Atlanta team as we build upon that foundation and pursue the significant opportunities ahead.”
